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The University-as-Monopolist: Why Parking Problems Persist at University Campuses

Journal of Applied Business and Economics (Special Edition: Environmental Developments in Business Research), Vol. 10, No. 6, pp. 39-43, 2010

Posted: 3 Aug 2011

See all articles by Bill H. Schmidt

Bill H. Schmidt

Jacksonville State University (Florida)

Christopher Westley

Florida Gulf Coast University

Date Written: August 2, 2011

Abstract

A common problem at major university campuses in the United States concerns persistent parking space shortages. While such a situation reflects an inadequate pricing mechanism for parking, it also reflects a result consistent with monopoly providers of parking services. In this paper, we analyze the parking problem from this perspective, utilizing a cost-benefit approach that explains why the incentive structure that exists at American universities makes such problems likely.

Keywords: parking, applied microeconomics

JEL Classification: D0, D4, D45

Suggested Citation

Schmidt, Bill H. and Westley, Christopher, The University-as-Monopolist: Why Parking Problems Persist at University Campuses (August 2, 2011). Journal of Applied Business and Economics (Special Edition: Environmental Developments in Business Research), Vol. 10, No. 6, pp. 39-43, 2010, Available at SSRN: https://ssrn.com/abstract=1903949

Bill H. Schmidt

Jacksonville State University (Florida) ( email )

11901 Beach Blvd.
Jacksonville, FL 32246
United States

Christopher Westley (Contact Author)

Florida Gulf Coast University ( email )

10485 FGCU Blvd S
Ft. Myers, FL 33965-6565
United States

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